Container

Braemar points to escalating container ship overcapacity

Although demand has plummeted after the boom in the container market, a steady stream of new container ships is expected to hit the water, creating overcapacity. ”We will adapt,” says Maersk.
"Most of the order book has not yet been delivered from the yards. But so far, the industry has been disciplined enough to manage capacity," Vincent Clerc, CEO of Maersk, said at a press conference last week. | Photo: Thomas Traasdahl
"Most of the order book has not yet been delivered from the yards. But so far, the industry has been disciplined enough to manage capacity," Vincent Clerc, CEO of Maersk, said at a press conference last week. | Photo: Thomas Traasdahl
by DAG HOLMSTAD

An accelerating stream of shiny new container ships — and more of them of neo-panamax size — are entering the container market, bringing said market ever closer to overcapacity.

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